A North Dakota tribal nation closed its $10.25 million purchase of the former White Sands Motel site last week.
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Peppermint Hippo spans 27,000 square feet and boasts “state-of-the-art sound and lighting, VIP amenities, a podcast studio, speakeasy, and 24-hour entertainment.
The north Strip skyscraper’s history is marked by bankruptcy proceedings, halted construction, different sets of owners, and national economic meltdowns.
The long-planned $4.3 billion property could bring more tourists to the north Strip and a surge of visitors overall to Las Vegas.
The new owners of the Drew property did not release details Thursday on their plans for the site, including whether they will change the name back to the Fontainebleau or when they expect to resume construction.
Projects are moving ahead, albeit not as quickly as developers hoped.